Thank you, Mr. Chair.
I want to thank all the economists for being here today.
Perhaps I'll start with you, Ms. Young. The Government of Canada announced in its budget that it's going to be increasing the capital gains inclusion rate from 50% to 66.66%. Just yesterday morning they introduced legislation to make that happen.
From an economist's perspective, do you think that the capital gains change as proposed by the Liberal government will lead to more or less investment in homebuilding?